Breaking Terms Of Rental Agreement
Tenants are routinely misbehaving, with over a quarter breaking their rental agreement and admitting to paying their rent late.
Research among 2,000 adults by insurance company AXA found that almost 60% of tenants admit to breaking the terms of their rental agreement.
- 26% of tenants pay their rent late
- One in ten admit to having done a moonlight flit to avoid paying the landlord money
- 18% have kept pets in the property without the landlord’s permission
- 15% have received complaints from neighbours for excessive noise
- 8% have sub-let to someone else without the landlord’s permission
- 8% admit to having committed a crime – for example, drug-related – on the landlord’s premises
- 10% say that police have been called to their property
AXA says the findings are of concern because separate research it carried out last October also shows that 38% of landlords do no checks at all on their tenants and one-third never visit their properties during a rental.
The firm says the riskiest tenants are males aged between 18 and 24, paying £700 to £1,500 rent per month, and located in the west midlands.
Blog post from Property Industry Eye.
Thanks to Christian Heilmann for the PHD who can’t pay rent image.
Central Housing Group can help landlords that have tenants that pay their rent late by offering a guaranteed rent scheme.
If you have any comments, please email the author of this article and click on the link above